Oracle stock dropped nearly 5% after the Financial Times reported that Blue Owl Capital will not support a $10 billion data center deal. Blue Owl, Oracle’s main data center partner, had been in talks for a Michigan facility, but negotiations stalled. This news has raised concerns about Oracle’s debt-fueled spending on AI computing. The company responded, saying it’s finalizing a deal with a different equity partner. Oracle’s stock decline adds to a rough month, down 18%, following disappointing earnings showing higher costs and cash flow concerns. Investors worry about Oracle’s growing debt and reliance on OpenAI for revenue.

Read more at Yahoo Finance: Oracle stock sinks as reported AI data center snag puts rising debt in focus